v3.25.3
Revenue from Contracts with Customers
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customers Revenue from Contracts with Customers
Revenue is recognized as the obligation to the customer is satisfied. The Company’s revenue from contracts with clients is as follows:
Processing fees – The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant variable consideration or financing components.
Financial fees – The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components.
Bank service fees – Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds. Service charges on deposit accounts are transaction-based fees that are recognized at the point in time when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components.
The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope for the periods ended September 30, 2025 and 2024.
For the Three Months Ended September 30,
For the Nine Months Ended September 30,
(In thousands)2025202420252024
Fee revenue and other income
In-scope of FASB ASC 606
Processing fees $16,655 $16,686 $50,206 $50,361 
Financial fees10,416 11,017 30,538 32,075 
Information services payment and processing revenue 27,071 27,703 80,744 82,436 
Bank service fees 372 354 1,058 955 
Fee revenue (in-scope of FASB ASC 606) 27,443 28,057 81,802 83,391 
Other income (out-of-scope of FASB ASC 606) 1,396 706 3,599 2,557 
Gain (loss) on sale of investment securities— (3,572)(13)
Total fee revenue and other income $28,843 $28,763 $81,829 $85,935